MAN and Mitsui strengthen joint business activities

MAN Diesel & Turbo has announced that it has entered a comprehensive cooperation agreement with Mitsui Engineering & Shipbuilding Co. Ltd to strengthen their existing joint business activities.

The agreement was signed by the President and CEO of Mitsui Engineering & Shipbuilding, Takao Tanaka, and the CEO of MAN Diesel & Turbo, Uwe Lauber. Lauber said: “Together, we will offer a solution portfolio that is unique in today’s market.”

The two companies are longstanding partners, and have had a number of previous collaborations. They have now agreed to deepen their mutual activities within sales, production, R&D and EPC, with the potential for other business fields to be added at a future date. The statement claims that the shared goal is to improve mutual business opportunities in a more timely and effective way.

Tanaka said: “Mitsui Engineering & Shipbuilding and MAN Diesel & Turbo can look back at almost a century of successful cooperation in many fields of business, for example, two and four-stroke engines for marine and stationary applications.

“With this agreement, we not only consolidate these cooperative efforts, but we also extend them to include the steam turbine and compressor segment.”

Lauber added: “Along with the ongoing implementation of our technology in power plants and marine projects, we have also agreed to set a greater focus on our joint R&D efforts.

“Driven by the global trends of decarbonisation and digitalisation, markets are in transition. We want to continue to combine our strengths to offer propulsion and energy solutions that help our customers to tackle tomorrow’s challenges. This will also include working more closely in the field of Floating Production Storage and Offloading systems (FPSO), as well as steam turbines and compressors – mainly for the Japanese market.”